by Lara | Jan 30, 2017 | S&P 500, S&P 500 + DJIA |
A little more downwards movement was expected for Monday’s session, which is what has happened. Summary: The situation is quite mixed today for the S&P, but on balance my judgement is that today’s downwards movement may present an opportunity to enter...
by Lara | Jan 26, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues, which fits the larger picture of the main Elliott wave count. In looking for an entry to join the trend classic technical analysis, particularly On Balance Volume, may be useful. Summary: Price has broken out upwards from a flag pattern. A...
by Lara | Jan 19, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved lower for the session as expected from the hourly Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is wrong, it may be a little too low. Use the trend line as...
by Lara | Jan 18, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement within the session did not make a new high. Price remains below the invalidation point on the hourly Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is...
by Lara | Jan 18, 2017 | DJIA Historical, DJT Historical, Public Analysis, S&P 500 Historical |
An analysis of monthly charts of the Dow, Transportations and the S&P500 may be helpful in identifying whether or not the current bull market is healthy and likely to continue or shows signs of weakness. Bull markets end and eventually turn into bear markets for...
by Lara | Jan 13, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was again expected, but this time did not eventuate for Friday. Price moved higher but did not make a new high, and volume was weaker. Note: NYSE is closed on Monday, so there will be no new price action from BarChart to analyse. Next analysis of...
by Lara | Jan 12, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the Elliott wave count and supported by classic technical analysis. Divergence with price and VIX and the AD line indicated price was likely to move lower today. Summary: Some downwards movement to find support at the lilac /...
by Lara | Jan 11, 2017 | S&P 500, S&P 500 + DJIA |
Although today’s daily candlestick closed green, it made a lower high and a lower low (which is the definition of downwards movement). This was expected for the Elliott wave count. The short term resistance line on the hourly chart neatly showed where upwards...
by Lara | Jan 11, 2017 | Public Analysis, USD Index |
Summary: The USD index is in a bull market. A short term correction looks like it may have just ended. The target for the next wave up to end is about 105.98. If the correction deepens, it should not move below 97.56. ELLIOTT WAVE ANALYSIS MONTHLY CHART Click chart to...
